Ninjastic
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Board Scam Accusations
Re: Cryptsy Hack Resolution - Funds to be recovered immediately once deal finalized
by
Gleb Gamow
on 13/03/2016, 23:09:13 UTC
Quote from: Cryptsy_Jim on March 13, 2016, 01:41:29 PM
Quote from: iikun on March 13, 2016, 01:37:16 PM
Quote from: Cryptsy_Jim on March 13, 2016, 01:34:14 PM
Quote from: iikun on March 13, 2016, 01:32:11 PM
Quote from: BlindMayorBitcorn on March 13, 2016, 01:21:01 PM
What if they told you there was no hack?

The updated lawsuit reads: “Upon information and belief…the millions of dollars in customer assets that “disappeared” in June 2014 are not missing; they were taken by the CRYPTSY Defendants… to pay for their own business and personal expenses, including all-cash-purchase of a $1,374,881 waterfront mansion in Palm Beach County, Florida in March 2015.

As cynical as I am about the "hack" itself, this money couldn't have come from the bitcoin which has been sitting in these wallets all this time. It's obviously untouched.
Of course there is no telling how much they made in profits over this time..they may well have enough to cover this 11,300 in any case.

Profits from what?

running the exchange for several years

It was profitable for a time. But ran in red for the past several months. There were layoffs, office closure and other cost cutting actions taken just to try to keep it open.

Theres been no trading and withdrawals are at minimum right now so im not sure how you figure there's profits

Exactly how is a party commissioned to ONLY handle support so versed in the profitability of an entity he's under contract with?

Recall, according to BitJohn, you and your team were hired and trained by BJ to handle support, with you and your team coming from another entity owned by Paul Vernon, this taking place circa Q3, 2013. Ironically, said support entity was declared defunct in January 2013 by Paul Vernon which this nutter - ME - has fully documented.